Why Campbell's (CPB) Shares Are Trading Lower Today

Shares of packaged food company Campbell's (NASDAQ:CPB) fell 3% in the afternoon session after investors continued to sell off the stock due to a fourth-quarter earnings release that showed a 37% drop in adjusted earnings, missed revenue expectations, and a dividend cut. According to the company's press release, Campbell's reported net sales of $2.14 billion, representing an 8.1% decline year-over-year, which missed Wall Street expectations. Adjusted earnings per share fell to $0.39, meeting con